Primarily this would be the first thought of most people especially those who are not familiar with the currently existing digital currencies. However, if you are someone who’s knowledgeable enough with regards to cryptocurrencies, even with your eyes closed, for sure you can answer the question very well.
As might be, the definite beginning of chaos happened by the time Bitcoin was made known globally, for which it sooner or later became the most wanted and prominent cryptocurrency. The primary purpose of this project was to address the constant complains of people whose properties and money are controlled by only one centralized unit (which most of the time the government intervened also).
With the Bitcoin’s emergence, several people had the choice to obtain a digital currency.However, obtaining this type of money really requires resources and is exhausting, still several people were amazed to it right from the beginning since a lot of people wanted to stop a single entity monopolizing.
Gradually, Bitcoin begun to obtain real monetary value and several new kinds of cryptocurrencies have emerged slowly to existence to address the imposed Bitcoin problems.
Even though cryptocurrency wasn’t readily accepted generally, it gradually developed its momentum and presently, several other business establishments even allow it as a method of exchange or payment. This is also happening gradually to new cryptocurrencies. Even though it is run by a free-source software and the profitability isn’t guaranteed, several people still attempt to strive to obtain these cryptocurrencies as additional form of investment. We will never know, but maybe someday even the fiat money can vanish for good.